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97 Johnson Drive

Cherokee, AL 35616
  • $220,000
  • STATUS: Active
  • ON SITE: 110 Days
  • MLS #: 21856614
UPDATED: 76 min ago
$220,000
  • 0
    BEDS
  • 0.61
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Property is a stabilzed property with a room for value add. CAP rate is 6% and Pro forma CAP is 8.47%. NOI is $13,191 Currently at 100% occupancy. Pro-forma is $18,633. Either a good add on to you're current portfolio or a great break in property for the rookie investor. the other address for sale with this is 361 Johnson Dr Cherokee, AL 35616

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ValleyMLS logo © 2024 ValleyMLS. All information provided is deemed reliable but is not guaranteed accurate by the MLS or MarMac Real Estate and should be independently verified. Listings marked with the ValleyMLS logo are provided courtesy of the ValleyMLS IDX Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-07-17T10:28:18.703.
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97 Johnson Drive Cherokee, AL 35616

  • Price: $220,000
  • Status: Active
  • On Site: 110 Days
  • Updated: 76 min ago
  • MLS #: 21856614
0
Beds
0
Baths
0
½ Baths
0.61
Acres
Neighborhood:
Clifton
County:
Colbert
Area:
Colbert
Elementary School:
Cherokee Elementary School
Middle School:
Cherokee Middle School
High School:
Cherokee High School
Property Description
Property is a stabilzed property with a room for value add. CAP rate is 6% and Pro forma CAP is 8.47%. NOI is $13,191 Currently at 100% occupancy. Pro-forma is $18,633. Either a good add on to you're current portfolio or a great break in property for the rookie investor. the other address for sale with this is 361 Johnson Dr Cherokee, AL 35616
Exterior Features

Levels One Parking Features Private

Interior Features

Building Area Total 3734 Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

City Limits Yes Gas None New Construction YN No Property Sub Type Multi Family Sewer Public Sewer Water Source Public

Listing provided by Engel & Volkers Shoals: .


ValleyMLS logo © 2024 ValleyMLS. All information provided is deemed reliable but is not guaranteed accurate by the MLS or MarMac Real Estate and should be independently verified. Listings marked with the ValleyMLS logo are provided courtesy of the ValleyMLS IDX Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-07-17T10:28:18.703.
 
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2114 Central Parkway SW
Decatur AL, 35601